Franklin Templeton

BIG INTERVIEW

Franklin Templeton is to overhaul its European equity OEIC and rebrand Ben Russon's UK Select Growth fund to create a new range of multi-cap portfolios, Investment Week can reveal.

Brazil's elimination of foreign investment taxes has met with a mixed reaction as emerging market nations seek to restore their attractiveness to investors.

Former BlackRock head of UK retail Mark Elliott is to join Franklin Templeton as the latter reorganises its UK sales team.

We are not even halfway through the year but already one of the big themes emerging for 2013 is the sheer number of prominent funds which have been soft-closed owing to capacity constraints.

Franklin Templeton is set to close Mark Mobius' $2bn Templeton Frontier Markets fund to new clients next month, Investment Week understands.

Outflows from gold-backed exchange traded funds in 2013 are now greater than the combined level of inflows seen in 2011 and 2012, according to Bloomberg data.

Franklin Templeton's Ben Russon is to become lead manager of its £108m UK Select Growth fund next month as he begins to alter the portfolio following his move from Newton.

Franklin Templeton has launched an Asian Dividend fund for head of emerging markets Mark Mobius as it seeks to tap into investors' growing desire to diversify income streams.

Franklin Templeton Investments has appointed David Zahn to head its European fixed income team following an overhaul of its strategy in this area.